If you only have one LLC and don’t need entity tracking, you could get a lower subscription and categorize your properties as ‘customers’, then units and tenants would be sub-customers.Simple Start would allow you to invoice your tenants (if desired through QBO) and produce basic reports. 

I incorporated smart home technology, such as automated lighting, heating, and security systems, which is highly desirable in today’s market.

Hi Beau, it sounds as though you guys are looking in a desired neighborhood as well. 

My client recently purchased a 3/2 single family house for $160k that was near turnkey and already rented at $1900/month and in a very desirable residential neighborhood!

The home is in a very desirable area. 

A property near the 606 Trail in Logan Square could command $2,000/month, while the same unit in a less desirable area might rent for $1,300.

There are so many great strategies to help you scale your portfolio, so I understand your desire to find the right plan and avoid mistakes.

The FHA rules/regs (in particular the FHA self-sufficiency test) are applied the same across all markets, and I know for a fact that in rural communities across the country, and big cities that are not particularly desirable places to live, it's not a deal-breaker, I am not commenting on those areas. 

Keep in mind that inexpensive properties are inexpensive because they are less desirable properties in less desirable areas and attract less desirable tenants.

In rural Ohio ponds are required every so many feet when fire hydrants aren't available.